The comments from U.S. District Judge Lucy Koh came on Thursday in a court hearing on Apple’s request to bar some Galaxy products from being sold in the United States.Apple and Samsung are engaged in a bruising legal battle that includes more than 20 cases in 10 countries as the two jostle for the top spot in the smartphone and tablet markets.Earlier on Thursday, an Australian court slapped a temporary ban on the sale of Samsung’s latest computer tablet in that country.Apple sued Samsung in the United States in April, saying the South Korean company’s Galaxy line of mobile phones and tablets “slavishly” copies the iPhone and iPad.Apple then filed a request in July to bar some Samsung products from U.S. sale, including the Galaxy S 4G smartphone and the Galaxy Tab 10.1 tablet.Mobile providers Verizon Wireless and T-Mobile USA have opposed Apple’s request, arguing that a ban on Galaxy products would cut into holiday sales.Apple must show that Samsung infringed its patents and that its patents are valid under the law.At the hearing on Thursday in a San Jose, California federal court, Koh also said she would deny Apple’s request for an injunction based on one of Apple’s so-called “utility” patents.She did not say whether she would grant the injunction based on three other Apple “design” patents.Koh characterized her thoughts on the utility patent as “tentative” but said she would issue a formal order “fairly promptly.The case in U.S. District Court, Northern District of California is Apple Inc v. Samsung Electronics Co Ltd et al, 11-1846.
The company is currently converting from being a limited
liability company to a shareholding corporation, the public
offering isn’t expected until 2012, two of the sources said, due
to volatile market conditions and the time needed to complete
the pre-IPO process.Qtel declined to comment.While Asiacell and two other Iraqi telecom companies —
Korek Telecom, part-owned by France Telecom and
logistics firm Agility , and Zain Iraq, a unit of
Kuwait’s Zain — were required to list 25 percent of
their shares before August, the commissioner of Iraq’s
Communications and Media Commission said last week it did not
expect any offerings until mid-2012.”All three operators are in dialogue with the regulator and
they are trying to find a suitable roadmap which doesn’t
overload the system,” one of the sources said.”It is all about the fine balance between being late on the
deadline and, even if they were ready, going public in an
environment where they price at a reasonable rate.”Last year’s listing of Nawras , Oman’s second
mobile operator whose majority shareholder is also Qtel,
encountered a similar situation.The terms of its licence dictated that it needed to list 40
percent on the Muscat Securities Market by February 2010 but
volatile equity markets saw the regulator grant it an extension
and the IPO was completed in October 2010.For the three Iraqi telcos, listing on their home exchange
also presents challenges.There has never been an IPO on the Iraqi bourse which is
structured like a Western offering, with a roadshow and then a
period of bookbuilding before final pricing.The format of Asiacell’s IPO has yet to be decided but one
of the sources said discussions were taking place around whether
to use the book-build method.A fixed price offering would be the other option for
Asiacell, which is easier for investors to understand but
doesn’t reflect the true value of the shares; with shares liable
to big jumps on the first day of trading as the market corrects.The size of the three listings are also set to be much
larger than any other stock on the Iraqi bourse.The combined freefloats would be worth around $5 billion but
the current daily turnover on the Iraqi exchange was around $1.5
million, Ghada Gebara, the chief executive of Korek Telecom,
told Reuters last week.Therefore, ensuring a smooth listing process will be
important for both the future performance of the stocks and the
credibility of the wider exchange.”You can’t have listings from the same sector and the same
country on top of each other as it damages investor demand so it
would be better if the regulator gave all of 2012 to get the
three deals done,” the first source said.”But the regulator seems to understand what a proper process
should be, with their recent comments about timing sensible and
without the sabre-rattling of having to get it done by a certain
date.”Zain Iraq said last month it has also begun the process of
changing to a shareholding company.It has appointed BNP Paribas , Citigroup and
National Bank of Kuwait to run its offering, three of
the sources said.Meanwhile, Korek Telecom has yet to invite banks to pitch
for its IPO, the sources said.
“The euro is far from perfect, as this crisis has revealed,”
they wrote in a letter to the Financial Times.”But the answer is to fix its faults rather than allowing it
to undermine and perhaps destroy the global financial system,”
it added.The 17 signatories included former Finnish President Martti
Ahtisaari, ex-Belgian premiers Jean-Luc Dehaene and Guy
Verhofstadt, former German foreign minister Joschka Fischer,
recent French foreign minister Bernard Kouchner and former
Spanish economy minister and European monetary affairs
commissioner Pedro Solbes, as well as investor George Soros.Slovakia’s parliament blocked the expansion of a bailout
fund to rescue the euro zone on Tuesday but the delay is
expected to be only temporary and a loan to stricken Greece
should also buy further time.”We call upon the legislatures of the euro zone countries to
recognise that the euro needs a European solution,” they added.”The pursuit of national solutions can only lead to
dissolution.”
The vote was not expected to officially close for several hours until one Democratic lawmaker returned to Washington, but that was not expected to affect the outcome.
The vote was not expected to officially close for several hours until one Democratic lawmaker returned to Washington, but that was not expected to affect the outcome.
“MythBusters” hosts Adam Savage and Jamie Hyneman will host the documentary “iGenius: How Steve Jobs Changed the World,” which will premiere on Discovery Channel on October 16.Immediately following its debut on Discovery, the special will air on the network’s sister channels in more than 210 countries and territories around the world.Interviewees lined up for the documentary include John Draper, an engineer who helped start Jobs’ career; Daniel Kottke, a friend who traveled to India with Jobs and became an early Apple employee; Lee Felsenstein, a founding member of the Homebrew Computer Club; journalists Tom Brokaw and Toure; and musicians Stevie Wonder and Pete Wentz, who talk about how Jobs’ musical innovations added to their career successes.”Someone once said that to follow the path that others have laid before you is a very reasonable course of action, therefore all progress is made by unreasonable men,” Adam Savage said.”Steve Jobs was an unreasonable man. He didn’t simply give the public what they wanted, he defined entirely new ways of thinking about our lives in the digital space: productivity, creativity, music, communication, media and art. He has touched, directly and indirectly, all of our lives.”
